Opinion: Is Tax Reform On the Cards?

Americans for Tax Reform president Grover Norquist on the prospects for a grand bargain on tax reform in 2014. Photos: Getty Images

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... the index ... he wants to waste means committee in the first quarter of next year ... we're going to be an anti tax reform legislation is we think that's a cop seniority into getting people back to work ... to increase to take home pay to get on its economy ... welcome to Opinion Journal I'm Mary Kissel that was Paul Ryan ... the co author of the bipartisan budget deal that the president is about to sign ... expressing interest in tax reform ... he is also interested in reading the Ways and Means Committee ... is this a sign that we could get something done in twenty fourteen on the tax side ... of an American for tax reforms President Grover Norquist joining me now from Washington are over ... we've been hearing about tax reform for years ... I is this really gonna happen ... it'll happen eventually ... what will happen in the next six months is that the Republicans ... will put four and ... not just the framework of pretty fleshed out framework ... of what tax reform would look like is that something the Democratic Senate would agree to ... probably not is it something Obama would sign ... not know ... that things can change of all of ... you would have expected them to make eighty five percent of the Bush tax cuts permanent he did ... he would have expected them to invent the sequester ... he did ... so as Obamacare really change the politics of deals like this for the Democrats ... they feel like they have to come to the table that Achillion purple states to demonstrate that they can actually get something done ... well what Obamacare is done ... it for a lot of Democrats running for election and fourteen and sixteen on the back of the deals ... and so they may be more flexible in the House and Senate I don't think the president ... is going to be in that category ... but we could be pleasantly surprised ... by what how corporate tax reform Grover because of something they even the president has talked about ... I and is in dire need of reform is not the highest rates in the world ... we very much petri dish those rates ... whomever the president of the house and the Senate for two full years ... and didn't even look at them so the idea that this is actually on this list of things to do is in fracking could've done repatriation ... at any time during his presidency has refused ... to do that ... I live the present interested and ... I'm ... corporate tax reform takes up ... to more people into our room to get the one point four ... trillion dollars in higher taxes ... he wants every time they want to negotiating such fashion ... with Republican ... okay so you see Paul Ryan statement and as a marker for the twenty fourteen elections in a beam in the presidential race in twenty sixteen ... what kind of comprehensive reform and ... it is he going away now ... well you get to see three parts to what the Republicans put forward and where Ryan and ... Aunt Kampar ... one is taking it operates to it ... at least as low as twenty five corporate and individual ... the others to the Territory allegation we don't have the worldwide tax system ... that are high tax rates ... I give us the trouble with and then third ... on depreciation schedules moving towards expensing ... recognizing that in a pro growth ... with a pro growth policy with dynamic scoring ... moving towards expensing Raises Revenue ... elongated depreciation schedules ... cost the government revenue ... this is a pretty lousy economic recovery were for what with that kind of reform do for for a few for employment ... it would do a great deal they would do several things one of the tremendously helpful for economic growth ... does the Faster depreciation schedules that give you tremendous opportunity ... I in terms of new investment amateur tryout taxes that would make it easier for people to work overseas and come back ... as well as to bring back money that's been earned overseas maybe two trillion dollars ... sitting over there that could ... come back a tremendous job creation ... I think is very important and I think ... well I there when the Senate and then passes through both houses have a stare down with the president of ... God ... or we may have to ... wait until the president goes away ... okay ... with the last word Americans for Tax Reform President Grover Norquist thanks for joining us ...